Banking & Fintech

Cities beat autumn blues

This content was published on Oct 29, 2001 A dozen ships anchored at Zurich’s Burkliplatz will be laden with about 200,000 bottles representing the cream of the world’s wines, from November 1 to 15. Now in its 48th year, the exhibition “Expovina” invites connoisseurs and the merely curious to taste and buy, or simply to drink in the atmosphere aboard a decked-out ship.…

Kühne and Nagel on track for full year profit

This content was published on Oct 29, 2001 The company expects a full-year profit of more than SFr140 million. The Zurich-based enterprise said its recent acquisition of the United States company, USCO Logistics, had been a key engine for growth and had boosted its contract logistics unit. USCO had nine-month earnings before interest and tax of SFr19.5 million reversing a SFr2.6 million loss…

Nestlé eyes cool deal

This content was published on Oct 28, 2001 Nestlé intends to exercise an option to buy the company from General Mills, according to Britain’s Sunday Telegraph. The American company is currently acquiring Pillsbury, the ice cream manufacturer’s owner, from British food and beverage giant Diageo for $11.2 billion (SFr18.5 billion). The Vevey-based firm entered an agreement with Pillsbury in 1999 to form a…

Of mice and men

This content was published on Oct 28, 2001 At the Xerox Palo Alto research centre on Wednesday, five computer pioneers, including three Swiss, told the inside story of how the mouse was born. They also discussed how the concept came about and was implemented. It was not so long ago that people thought a mouse was just a rodent. Today the funny little…

Swissair – more cash needed

This content was published on Oct 28, 2001 Swissair subsidiaries SR Technics, Atraxis and Swissport are in urgent need of a cash injection of several hundred million Swiss francs in order to continue their operation. In an interview with the SonntagsZeitung, Crossair chairman, Andrè Dosè, described the financial difficulties of the subsidiaries as “three big problem areas”. According to Dosè, Swissair’s maintenance and…

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Web payphones launched in Zurich

This content was published on Oct 28, 2001 The country’s largest telecommunications group said the new generation of public payphones are highly versatile and can be used to make calls, send e-mails or surf the Internet. “You just have to touch the screen,” and choose a task, Swisscom’s Pia Rogers told swissinfo while trying out a payphone at Zurich’s main railway station. The…

Crossair manager pledges to rebuild trust

This content was published on Oct 27, 2001 Arjen Pen, Crossair’s executive vice president for sales and marketing, told visitors to Switzerland’s leading industry show, the Travel Trade Workshop, in Montreux, that without their support it would be difficult for the new airline to take off. “Our first priority is to create confidence among the general public and our trade partners,” Pen told…

Swissair deal dominates business

This content was published on Oct 27, 2001 On Monday, it was announced that both industry and government would come to the rescue by providing a total of SFr4.24 billion ($2.57 billion) to set-up a new national airline. The new airline will be built from the remains of Swissair, and based on the regional airline, Crossair. Under the rescue deal Crossair will acquire…

Swissair: counting the cost

This content was published on Oct 26, 2001 Last week the long-awaited announcement finally came that both industry and government would come to the rescue of the ailing national carrier. They will pump SFr4.24 billion ($2.57 billion) into setting up a new national airline, structured around the regional carrier, Crossair. No doubt the debate over the amount of federal and local government’s financial…

Drug firms investigate new medicines from the sea

This content was published on Oct 26, 2001 The idea of tapping natural chemicals in sponges and other marine creatures first absorbed the attention of researchers in the 1970s when the Swiss healthcare group Roche explored Australia’s Great Barrier Reef. Now a quarter of a century on, the underwater treasure hunt is finally starting to yield results. Some big pharmaceutical companies are examining…

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Banking & Fintech

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Cities beat autumn blues

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Kühne and Nagel on track for full year profit

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Nestlé eyes cool deal

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Of mice and men

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Swissair – more cash needed

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Web payphones launched in Zurich

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Crossair manager pledges to rebuild trust

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Swissair deal dominates business

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Swissair: counting the cost

More

Drug firms investigate new medicines from the sea

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